Iceland Passport

Nomad Capitalist Passport Index Ranking

The Iceland Passport is currently ranked Number 30 in the Nomad Capitalist Passport Index with a total score of 104. This ranking, relative to other passports, has been calculated by considering the government of Iceland’s approach not just to travel, but to international taxation laws, global perception, dual citizenship and personal freedom.

Travel 170 Taxation 20 Perception 50 Dual Citizenship 50 Freedom 50

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Having a second residence in another country is a great way to diversify from your home country, pay less in taxes and possibly obtain a second citizenship, but are you sure that Iceland is the best option for you? Let our expert-recommended team create and implement a bespoke, holistic strategy for you to legally reduce your tax exposure, protect your assets, invest overseas, obtain a second citizenship and improve peace of mind. We've helped 1,500+ HNWI entrepreneurs and investors and we can help you, too.

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Travel Destinations from Iceland ^{50% in total score}

For the Iceland Travel Score calculation, we relied on government travel data from 199 passport-issuing countries and territories, combined with real-time intelligence and proprietary research. This factor includes a Mobility Score (MS) measuring ease of travel, which focuses on visa-free (VF) travel, visa on arrival (VOA), eTA and eVisa (if issued within three days). Based on that data, we assigned Iceland a Travel Score of 170 which means that Iceland passport holders can enter a total of 170 destinations — either without a visa, through a visa on arrival or via an eTA.

Taxation in Iceland ^{20% in total score}

For the Iceland Taxation Score calculation, we relied on data from our network of tax vendors, news sources and tax authorities. Based on that data, we assigned Iceland a Taxation Score of 20, meaning that Iceland allows citizens to relocate to avoid tax.

Perception ^{10% in total score}

For the Iceland Perception Score calculation, we relied on the World Happiness Report, the Human Development Index and subjective factors from our networks’ experience to determine how each country’s citizens are perceived and recognised. Based on that data, we assigned Iceland a Perception Score of 50, meaning that Iceland citizens experience minimal hostility.

Dual Citizenship ^{10% in total score}

For the Iceland Dual Citizenship Score calculation, we relied on embassy data and our experience to assess the ability to hold dual citizenship. Based on that data, we assigned Iceland a Dual Citizenship Score of 50, meaning that Iceland citizens are almost always allowed to hold other citizenships.

Freedom ^{10% in total score}

For the Iceland Freedom Score calculation, we relied on data and news reports on mandatory military service, government surveillance, press freedom and other factors to determine the personal freedom of citizens and expats. Based on that data, we assigned Iceland a Freedom Score of 50, meaning that Iceland citizens have total freedom.